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Sep 21, 5:18 pm
The Block
DeFi Change Linear Finance Suffers Liquidity Drain Assault
Hong Kong-based DeFi protocol Linear Finance skilled an assault that resulted within the draining of all liquidity of its Linear USD token. The attacker was in a position to mint a vast provide of ℓAAVE and traded it for ℓUSD earlier than promoting it on PancakeSwap and Ascendex. Linear Finance has paused contracts, disabled the ℓUSD Linear bridge contract, and is working to rectify the state of affairs.
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